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A comment on Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies. Parent comment

Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by tannerwj on Thursday January 25, 2018 @11:43AM (#16232174)
Because it is not luck that determines the outcome. However speculative Bitcoin is, it isn't based on luck
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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by Artemis2 on Thursday January 25, 2018 @11:49AM (#16232244)
Right, it’s based on market manipulation.
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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by GenericsMotors on Thursday January 25, 2018 @04:02PM (#16234637)
Correct that it's not entirely luck, at the moment its price is being propped up by Bitfinex. Whenever BTC value starts to dip below 10K USD, they just print more Tethers (USDT) and start buying up coins at above market price...and there's a new upswing.

It's not at all sustainable, though.

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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by Lewton on Thursday January 25, 2018 @11:46AM (#16232210)
How can you tell?
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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by tptacek on Thursday January 25, 2018 @11:44AM (#16232182)
Because...?
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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by tannerwj on Thursday January 25, 2018 @11:47AM (#16232221)
Because it is based on supply and demand, it's just more volatile than what you're used to. Doesn't make it luck
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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by vec on Thursday January 25, 2018 @12:24PM (#16232562)
The price is a function of the supply and demand.

The supply is mostly a function of time, as defined by the blockchain's algorithms.

The demand is a function of what, exactly?

Still looks mostly like luck to me.

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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by WhiteOwlLion on Thursday January 25, 2018 @12:52PM (#16232848)
you have hodlers which reduces supply even more.

demand is a function of greed.

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Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr... by bluntfang on Thursday January 25, 2018 @12:26PM (#16232579)
blackjack tables are based on supply and demand. the margins on blackjack are ~51% in favor of house. if they don't get enough traffic, a swing could take the house. So if there isn't enough demand, than it's not financially feasible for the house to play those odds.
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